Sovereign Term Deposit
A simple and secure investment account for those looking to invest over $100,000 with terms available from thirty days to three years.
Category: Term Deposits Last Updated February 19, 2024 Effective May 3, 2024
Product Features
- Other Additional Information: A certificate account only
- Digital Banking Additional Information: Non transaction access with view only access
- Notifications Additional Information: Notification of maturty of investment term and request for instruction
Product Eligibility
- Residency Status Additional Information: Australian Citizens or permanent residents or as otherwise approved
Bank Fees and Charges
- Cheque Dishonour (Event), Amount: 9.00. Additional Information: Cheque drawn by you or deposited by you that has not been accepted by us or another financial institution
- Direct Entry Dishonour (Event), Amount: 9.00. Additional Information: Direct Entry returned (inward and outward)
- Document Fee (Event), Amount: 60.00. Additional Information: $60.00 per hour (subject to minimum $10.00 per copy)
- Financial Institution Cheque (Event), Amount: 2.50.
- Foreign Currency International Transfers (inward) (Deposit), Amount: 0.00. Additional Information: This service is free of our service cost. However, any third party cost will be passed on.
- Miscellaneous Service Fee (Event), Amount: 60.00. Additional Information: This fee applies if request information not covered by the Document Fee on an hourly rate of $60.00
- Overseas Telegraphic Transfer (outward) - Australian Currency (Event), Amount: 39.00. Additional Information: Funds can be sent to a variety of destinations in a currency appropriate to that county
- Overseas Telegraphic Transfer (outward) - Foreign Currency (Event), Amount: 28.00. Additional Information: Funds can be sent to a variety of destinations in a currency appropriate to that county
- Physical Foreign Currency (Event), Amount: Not Listed.. Additional Information: Physical Foreign Currency issued or purchased 1% of the Australian currency equivalent amount
- Unclaimed Monies Fee (Variable), Amount: 20.00. Additional Information: The lessor $20.00 or account balance
Limitations & Restrictions (Constraints)
- Opening Balance of 100000.00
